HA! No, all crypto valuations only include the free float in the market! Check out coinmarketcap.com , the leading "valuation" site, and notice that it only cou

HA! No, all crypto valuations only include the free float in the market! Check out coinmarketcap.com , the leading "valuation" site, and notice that it only counts circulating supply, no matter how small a percent it is to the total supply. All metrics related to "crypto total market cap" are based on dubious circulating supply metrics, when the reality of this is many times higher, even though it is an accounting nightmare regardless. Next up, most coins actually did sell all of their free float / circulating supply in exchange for a more liquid currency. So yes, the $50million projects actually received $50m in usd/btc/eth AS WELL AS granted themselves a sliver of the new currency, akin to private equity and every share company ever. It is double plus good, and scammers are currently walking away with that. But if they are smart, they make their new coin valuable because an even greater windfall awaits and then that means it isn't a scam project at the current threshold of legitimacy.